Finance News: Latest Financial News, Finance News today in Bangladesh

Non-life insurers barred from using agents as IDRA scraps commissions

The Insurance Development and Regulatory Authority (IDRA) has imposed a complete ban on agent commissions in the non-life insurance sector, introducing stricter rules on salary and benefit payments to employees.According to a notification issued by the regulator, non-life insurance companies will no longer be allowed to conduct business through agents....

BRAC BANK INSTALLS ATMS AT 5 MRT STATIONS

BRAC BANK INSTALLS ATMS AT 5 MRT STATIONS BRAC Bank has expanded its alternate banking footprint by installing ATMs at five key stations of Dhaka's MRT Line-6, bringing fast and seamless banking services closer to daily commuters. The ATMs are now operational at Pallabi, Mirpur-10, Farmgate, Shahbagh, and Bangladesh Secretariat...

Dow, S&P 500 close at record highs

US stocks closed higher on Wednesday, as the Dow Industrials and S&P 500 registered record closing highs in a broad rally during a holiday-shortened session, reports Reuters.Indexes have been climbing in recent days, buoyed in part by a rebound in AI-related names after last week's selloff that was triggered by...

PRIME BANK SIGNS PAYROLL AGREEMENT WITH FAME GROUP

PRIME BANK SIGNS PAYROLL AGREEMENT WITH FAME GROUPPrime Bank PLC, one of the leading private commercial banks, has recently signed a payroll agreement with Fame Group at the bank's Corporate Office in Dhaka. Under this agreement, employees of Fame Group will enjoy a range of exclusive banking privileges from Prime...

IFIC BANK HOSTS AML & CFT COMPLIANCE WORKSHOP FORBOARD MEMBERS

IFIC BANK HOSTS AML & CFT COMPLIANCE WORKSHOP FORBOARD MEMBERSIFIC Bank organised workshop on anti money laundering and combating the financing of terrorism (AML & CFT) compliance for the members of the bank's board of directors on Sunday. The workshop was attended by Chairman Md. Mehmood Husain, along with all...

BAPLC holds 26th AGM

The 26th annual general meeting (AGM) of the Bangladesh Association of Publicly Listed Companies (BAPLC) -- the apex body of the companies listed on the Stock Exchanges -- was held recently at Renaissance Hotel, Gulshan, in the capital.Rupali Haque Chowdhury, president of the association, presided over the meeting, according to...

Egypt, China to invest $1.15b in new industrial projects

RIYADH, Dec 25 (Arab News): Egypt's Suez Canal Economic Zone is set to host three new industrial projects with a combined investment of $1.15 billion, bringing total investments in the zone to $5.1 billion in the first half of the 2025/26 fiscal year. The contracts, expected to generate around 5,400...

Al-Arafah Islami Bank holds 447th board meeting

Al-Arafah Islami Bank holds 447th board meetingThe 447th board meeting of Al-Arafah Islami Bank PLC was held its head office in the city on Wednesday. Chairman of the board of directors of the bank Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and...

BGFCL holds 70th AGM

Bangladesh Gas Fields Company Limited (BGFCL), the largest state-owned natural gas producing company, held its 70th annual general meeting (AGM) at Petrobangla in Dhaka on Wednesday. The meeting was presided over by Mohammad Mohsin, Chairman of the BGFCL Board. Md Rezanur Rahman, Chairman of Petrobangla, along with Executive Directors and...

Meena Bazar opens new outlet at Chandrima Housing

Meena Bazar, the pioneer of modern retail in Bangladesh, expanded its premium grocery network with the inauguration of its newest outlet at Chandrima Housing (Plot-01, Block-A, Avenue-01) in the city on Thursday, says a press release. The ribbon-cutting ceremony was led by Shameem Ahmed Jaigirder, COO of Meena Bazar, alongside...

Bangladesh Steel Re-Rolling Mills holds 63rd AGM

The 63rd Annual General Meeting (AGM) of Bangladesh Steel Re-Rolling Mills Limited was held on a digital platform on Wednesday, says a press release. Chairman of the company Alihussain Akberali presided over the meeting. The shareholders of the company approved a 50 per cent cash dividend. Audited Accounts for the...